VANCOUVER, British Columbia, Nov. 21, 2017 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX V:RDU) is pleased to announce
the completion of its 2017 summer exploration program at the Bald Peak Property, located in Mineral County, Nevada.
The Bald Peak Property was acquired in early 2017 (see news release of March 06, 2017). During the summer,
Radius conducted several staking campaigns to cover newly identified areas of interest. To date, the Company has added 113
claims to the original 38 claims purchased, increasing the land position to 151 unpatented mining claims in Mineral County, Nevada
and one mineral prospecting licence in Mono County, California. The project now covers an 8 km by 2 km area of a fully
un-eroded epithermal system.
The Bald Peak Property is an early stage, high-level epithermal gold prospect centrally located within a broad
area of Miocene volcanic centers known as the Bodie Hills Volcanic Field (BHVF). Sinter terraces outcrop along the length of
the Property, evidence that the epithermal system is not eroded beyond its paleo-surface and is thus likely fully preserved.
The BHVF is host to several high grade gold mines, including the Aurora and Bodie mining districts, both of which are in
close proximity to the Bald Peak Property and formed in a similar geological environment. Despite the Property’s proximity to
several Au-rich mining districts, the area has seen limited exploration activity. Several operators have acquired the
Property over the last 30 years and mapped alteration zones and various other criteria pertinent to epithermal gold discoveries.
The area has seen very limited drilling however, and its potential remains untested.
In 2017, following the acquisition, Radius conducted geological mapping, and rock and soil sampling programs,
the results of which work led to the staking of additional ground. Results of the mapping program better defined lithologic
contacts across the Property at a project-scale, answered several questions that derived from the USGS 2015 map of the Bald Peak
area and importantly identified new areas of high level banded veining, several areas of anomalous Au, Hg, As and Sb in soil and
rock, and identified previously unmapped areas of hot spring related silica sinters. Along the eight kilometre NE-trending
zone (which historically is the trend orientation along which historical gold deposits have been found in the region), the Company
has collected 219 rock samples, and over 4,000 soil and stream sediment samples. Several new targets that warrant further
exploration have been identified from the preliminary results of this work. To review results to date, please visit our web
site.
Radius has consolidated the entire district and intends to employ a systematic exploration strategy.
Management believes the Bald Peak prospect constitutes an excellent opportunity for making an epithermal gold discovery and
that testing the system at appropriate depths beneath geochemically anomalous sinter terraces is key to making a discovery.
Other Properties
This summer, the Company also completed the necessary studies required for its Plan of Operations filed with the
US Forest Service to drill its Spring Peak Project, Nevada. An authorization to commence work is expected early in 2018, and
Radius intends to complete a first pass drilling program on the project next year.
The Company has decided to drop the ABC Property, Nevada. The relinquishing of this target will allow Radius to focus on
the higher priority Bald Peak and Spring Peak targets.
Sampling Procedures and Quality
Assurance/Quality Control (QA/QC)
The work program at the Bald Peak Property was planned by Radius Gold personnel and implemented by company
personnel, consultants and contractors.
Rock samples were collected by Radius Gold personnel and/or consultants. During the prospecting phase,
suitable certified reference materials were added to the sample stream. Rock samples were delivered to ALS Chemex, prepared
using method Prep-31, and fire assayed by method Au-ICP21, as well as analysed for multi-elements by method code ME-ICP61.
The soil survey was contracted to Ethos Geological. Soil samples were collected in kraft bags and sent in
sealed containers to ALS Geochemistry, Reno, Nevada. All sample sites were labelled with flagging tape displaying their
unique sample number. The samples were sieved to minus 180 microns (Prep-41), and then analyzed by ICP-MS for 51 elements
(method AuME-TL43).
Qualified Person
David Clark, M.Sc., P.Geo. is a Qualified Person under the terms of National Instrument 43-101, “Standards of
Disclosure for Mineral Projects”, and has approved the disclosure of the technical information in this news release.
About Radius
Radius has been exploring for gold in the Americas for over a decade. The Company has a strong treasury
and is looking for investment and project acquisition opportunities across the globe. Please call toll free 1-888-627-9378 or
visit our web site (www.radiusgold.com) for more information.
ON BEHALF OF THE BOARD
Simon Ridgway
President and CEO
Symbol: (TSX V:RDU)
Contact: Simon Ridgway
200 Burrard Street, Suite 650
Vancouver, BC V6C 3L6
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
Email: info@goldgroup.com
Website: www.radiusgold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning
of Canadian securities legislation. All statements included herein, other than statements of historical fact, are
forward-looking statements which include, without limitation, statements about the Company’s plans for the Bald Peak and Spring
Peak properties; the Company’s business strategy, plans and outlook; the merit of the Company’s investments and properties;
timelines; the future financial performance of the Company; expenditures; approvals and other matters. Often, but not always,
these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”,
“open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”,
“offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events,
“could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially different from any results, performance or
achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, the
Company’s plans for exploring the Bald Peak and Spring Peak properties; changes in general economic conditions and
financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and
development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and
the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from
time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on
SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions
of management, including but not limited to: that the Company’s exploration activities at the Bald Peak and Spring Peak
properties will proceed as planned; that the Company’s activities will be in accordance with its public statements and stated
goals; that all required approvals will be obtained; that there will be no material adverse change affecting the Company or its
investments or properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date
hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, investors should not place undue reliance on forward-looking statements.